Tax Associate

Rea is a growing Top 100 business advisory & accounting firm providing our clients services in tax, accounting, and business consulting. We have a ‘People First’ culture and we focus on our employees’ well-being and professional development. With over 400 professionals, our firm has a culture that respects a work-life balance for our team. We also provide competitive compensation and a robust benefits plan.

The Tax Associate is responsible for utilizing his or her educational background as well as communication and organizational skills by assisting with the preparation of tax returns, financial statements with disclosures, applying basic areas of GAAP as necessary, documenting and research. In this role, the Associate will be charged with utilizing basic research skills and working with tax software applications to complete simple tax returns for review.

Responsibilities

Tax Compliance   

• Ensures both that (a) clients comply with all applicable authorities, while at the same time minimizing their tax and reporting burdens, and (b) self and client service teams comply with all Firm policies, standards, and the Rea’s tax quality control policies  

• Applies understanding of client’s unique set of circumstances, documentation, and/or other requirements mandated by law and prepares required filings (tax returns) using a system of review and documentation to ensure that the client is in full compliance, while keeping the client’s tax and reporting burden’s as low as possible  

• Ensures all data needed to comply with filing requirements are collected; identifies and properly communicates missing items to prepare return  

• Utilizes Firm compliance software to maximize efficiency in tax prep process   

• Effectively teams with Senior on completion of project (follow-up with Open items list; proactive and constant communication about possible project issues, etc.)  

• Documents all significant tax positions  

ASC 740-10 (FAS 109 and FIN 48) Tax Accruals   

• Correctly and proactively applies Firm policies, standards, and the Rea’s tax quality control policies regarding FAS 109 and FIN 48  

• Assists with prep and/or review of income tax provisions  

Tax Consulting   

• Assists with developing, recommending, and implementing efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes  

• Applies knowledge of home state corporate, partnership and individual tax structure and filing requirements in completing assigned work  

• Effectively drafts clear and concise general memorandums and correspondence  

• Identifies potential relevant tax issues or opportunities as part of the tax compliance process  

Control Environment   

• Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:   

• Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team   

• Making constructive suggestions to improve client internal controls and accounting procedures   

• Documenting and validating the operating effectiveness of the clients’ internal control system   

GAAP   

• Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:   

• Providing support of conclusions with authoritative literature   

• Drafting basic sets of financial statements with disclosures   

• Researching intermediate areas of accounting and forming an initial opinion on the correct treatment independently   

GAAS   

• Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:   

• Developing and applying an intermediate knowledge of auditing theory, a sense of audit skepticism, and the use of Rea audit manuals   

• Applying auditing theory to various client situations   

• Documenting in line with Rea policy, identifying deviations and notifying more senior team members in order to obtain appropriate approvals   

• Applying knowledge to identify instances where testing may be reduced or expanded and notifying more senior team members of the occurrence   

• Contributi